Plunging FX reserves spark new worries over Turkey bonds

By Mariam Meskin
22 Apr 2021

A campaign by a political opposition party questioning the deployment of Turkey’s FX reserves and a snub from the United States has put new pressure on the country’s bonds.

Turkey’s main opposition party, the Republican People’s Party (CHP), has launched a campaign in the last few days attacking the loss of $128bn in foreign currency reserves in recent years. The country’s president, Recep Tayyip Erdoğan, and the central bank have insisted that the money was put towards ...

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